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Fox Corporation Statement on Legal Dispute with Flutter Entertainment Relating to FOX’s Right to Acquire an 18.6% Equity Interest in FanDuel
NEW YORK--(BUSINESS WIRE)-- Fox Corporation (Nasdaq: FOXA, FOX) today issued the following response to media reports regarding its legal dispute with Flutter
About this update from Fox Corporation
[{"type":"text","content":" NEW YORK--(BUSINESS WIRE)--\nFox Corporation (Nasdaq: FOXA, FOX) today issued the following response to media reports regarding its legal dispute with Flutter Entertainment plc (“Flutter”):\n\nFox Corporation has filed suit against Flutter to enforce its rights to acquire an 18.6% ownership interest in FanDuel Group—an American sports betting brand—for the same price that Flutter paid for that interest in December 2020. The suit was filed as an arbitration before JAMS in New York, NY by consent of the parties.\n\nAbout Fox Corporation\n\nFox Corporation produces and distributes compelling news, sports and entertainment content through its iconic domestic brands including: FOX News Media, FOX Sports, FOX Entertainment and FOX Television Stations. These brands hold cultural significance with consumers and commercial importance for distributors and advertisers. The breadth and depth of our footprint allows us to deliver content that engages and informs audiences, develop deeper consumer relationships and create more compelling product offerings. FOX maintains an impressive track record of news, sports, and entertainment industry success that shapes our strategy to capitalize on existing strengths and invest in new initiatives. For more information about Fox Corporation, please visit www.FoxCorporation.com.\n\nCautionary Statement Concerning Forward Looking Statements\n\nThis press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “outlook” and similar expressions are used to identify these forward-looking statements. These statements are based on management’s current expectations and beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements in this press release due to changes in economic, business, competitive, technological, strategic and/or regulatory factors and other factors affecting the operation of the Company’s businesses, including the impact of COVID-19 and other widespread health emergencies or pandemics and measures to contain their spread. More detailed information about these factors is contained in the documents the Comp...